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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Cogito Ergo Sum who wrote (19916)9/10/2003 8:09:31 AM
From: loantech  Read Replies (1) of 39344
 
kastel,
From personal view there was a tremendous amount of reduction in loan term refinances in 1992 and 1993 when the 15 year loans hit the low to mid 5's. This time around the last year or so it seems like rates came down so quickly and sharply that people went with cash out and stayed with 30 year terms. I have no HARD evidence that what energyplay says may or may not be correct. I can tell you in my estimation housing prices and loan to value levels are reaching points where the accompanying debt loads will be hard to "bear". <g>
tom
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